XJO starting to look like some consolidation in the 6000 to 6050...

XJO starting to look like some consolidation in the 6000 to 6050 might be the outcome over the next 3 weeks or so. The financials might have had a bounce on Friday but were somewhat already oversold. I can't see them moving far either up or down much from here in the medium term. Neither Telcos nor Commodities are likely to give much positive momentum either to the index, so it reinforces my view of a sideways drift coming up. It might take a major Geopolitical event to jolt this market out of the current trading zone. With Trump as the leader of the free world that is very much a good possibility. I don't mind him as US Pres, however he is definitely his own man, with all that that means.